Asia: Stocks extend gains as US jobs trump virus worries

The Business Times | Jul 3, 2020 at 2:00 AM
  • Asian investors welcomed a forecast-busting US jobs report to send Asian equities higher on Friday, though an acceleration in the virus through the world’s top economy continued to temper big gains.
  • And a near-five million jump in employment in June, combined with promising vaccine tests, provided the platform for another market rally that saw the Nasdaq clock up yet another record.
  • Sydney and Seoul were both 0.6 per cent higher, Taipei put on 0.7 percent and Wellington gained 0.8 percent.